For the quarter ending 2026-03-31, VSECU had $1,170,049K increase in cash & cash equivalents over the period. -$68,721K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 |
|---|---|---|
| Net income (loss) | 29,055 | 11,703 |
| Depreciation and amortization | 12,747 | 39,924 |
| Amortization of debt issuance cost | 440 | 1,464 |
| Deferred taxes | 5,415 | -58 |
| Stock-based compensation | 4,581 | 12,835 |
| Specific provision for inventory | - | 0 |
| Impairment and loss on sale of business segments | 0 | -47,046 |
| Loss on sale of property and equipment | -3 | -45 |
| Lease abandonment and termination costs | - | 0 |
| Earn-out receivable adjustments | - | 29,200 |
| Gain on settlement of corporate-owned life insurance | 357 | - |
| Interest income on note receivable | 694 | 2,041 |
| Receivables | 25,772 | 26,531 |
| Contract assets | 4,755 | 8,570 |
| Inventories | 71,544 | 56,870 |
| Prepaid expenses and other current assets and other assets | -515 | 4,532 |
| Operating lease assets and liabilities, net | -396 | -2,376 |
| Accounts payable and deferred compensation | -10,847 | -10,932 |
| Accrued expenses and other liabilities | -1,447 | -8,069 |
| Net cash used in operating activities | -62,264 | 26,990 |
| Purchases of property and equipment | 6,457 | 21,281 |
| Proceeds from the sale of business segments, net of cash divested | 0 | 138,973 |
| Proceeds from payments on notes receivable | - | 0 |
| Cash paid for acquisitions, net of cash acquired | 5,391 | 394,144 |
| Purchases of intangible assets | 16,000 | - |
| Proceeds from settlement of corporate owned life insurance | 760 | - |
| Net cash used in investing activities | -27,088 | -276,452 |
| Borrowings on bank credit facilities | 47,273 | 667,335 |
| Repayments on bank credit facilities | 49,148 | 803,585 |
| Proceeds from issuance of common stock, net | 829,457 | 442,167 |
| Proceeds from issuance of tangible equity units, net | 445,386 | - |
| Payment of debt financing costs | 1,313 | 2,584 |
| Payment of taxes for equity transactions | 8,930 | 5,138 |
| Dividends paid | 2,340 | 8,263 |
| Other | -984 | -142 |
| Net cash provided by financing activities | 1,259,401 | 289,790 |
| Net increase (decrease) in cash and cash equivalents | 1,170,049 | 40,328 |
| Cash and cash equivalents, beginning of period | 69,358 | 29,030 |
| Cash and cash equivalents, end of period | 1,239,407 | 69,358 |
VSE CORP (VSECU)
VSE CORP (VSECU)